On January 23rd, we held our annual Real Estate Forecast where we presented examinations and statistics related to the Northern Colorado housing market, including 2018 numbers, local job market stats, regional developments and predictions for 2019. To continue those examinations, we asked Chief Economist at the National Association of REALTORS® Lawrence Yun to present his own findings and understandings. Today, he joins us virtually with a video presentation that explains national, regional, state-wide and Fort Collins-specific trends in the job market, mortgage rates and the housing market.
In this video presentation, Lawrence Yun describes job market statistics, which show a solid foundation nationally, and goes on to compare those numbers to the Fort Collins job market. Here in Fort Collins, we’ve enjoyed 37% total job growth since 2000 versus 13% nationwide. As one of the strongest factors in the housing market, this local growth has coincided with the local appreciation trends we discussed in our article, What to Expect in the Northern Colorado Real Estate Market for 2019.
Watch below to learn what Chief Economist at the National Association of REALTORS® Lawrence Yun has to say about market conditions in Northern Colorado. Along the way, he provides insight into the fluctuations in Federal Reserve interest rates; he explains why the Western region of the United States is leading the nation’s job market growth while also showing the largest decline in the percentages of pending contracts and closings; he examines local solutions to boost housing supply, and so much more. Enjoy!
Do you have questions about the local housing market, buying a home in Northern Colorado or selling in the current market? Our team and agents at The Group, Inc. have been living and serving in Northern Colorado for decades. You can contact our team here.
And to get more information about the 2018 market and find out what we predicted in the coming year, check out What to Expect in the Northern Colorado Real Estate Market for 2019.